regulatory
confidence high
sentiment negative
materiality 0.65
NEXGEL, INC. (NXGL): Nasdaq/NYSE listing notice — NexGel receives Nasdaq deficiency notice for bid price below $1; 180 days to cure
NEXGEL, INC.
- Closing bid price of common stock (NXGL) below $1.00 for 30 consecutive business days.
- Company has until October 19, 2026 to regain compliance per Nasdaq Rule 5810(c)(3)(A).
- Compliance possible if bid price closes at $1.00+ for 10 consecutive days before deadline.
- If not cured, a second 180-day compliance period may be available subject to conditions.
- Company may consider a reverse stock split; no assurance of regaining compliance.